The corporate and enterprise bond market of the Beijing Stock Exchange (BSE) officially opened to trading on January 15.
Financial analysts said it is a milestone in the development of the BSE, which was established in September 2021. On the first day, the new market launched three enterprise bonds issued by Beijing State-owned Assets Management Co Ltd, Beijing Infrastructure Investment Co Ltd, and Guangzhou Zhidu Investment Group, worth a combined 2.48 billion yuan (US$345m).
BSE chairman Zhou Guihua told the Xinhua News Agency that the bourse has accepted 39 orders for enterprise bonds with a total planned registration capital of 69.79 billion yuan (US$9.7b). The raised money will be mainly put into government-supported strategic fields like rural revitalization, agricultural modernization and pharmaceutical industry innovation. Besides, the BSE has issued 5.03 trillion yuan (US$699.7b) in government bonds.
The BSE will meet market needs and offer a comprehensive range of products for all market participants, Zhou said at the launch ceremony.
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